Apple Inc (AAPL) Files Form 4 Insider Selling : Daniel J. Riccio Sells 22,381 Shares

Apple Inc (AAPL): Daniel J. Riccio , Senior Vice President of Apple Inc sold 22,381 shares on Sep 21, 2016. The Insider selling transaction was reported by the company on Sep 23, 2016 to the Securities and Exchange Commission. The shares were sold at $113.28 per share for a total value of $2,530,307.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Aug 31, 2016, Timothy D Cook (Chief Executive Officer) sold 269,883 shares at $106.58 per share price.On Aug 31, 2016, Daniel J. Riccio (Senior Vice President) sold 49,996 shares at $105.95 per share price.Also, On Aug 18, 2016, D Bruce Sewell (SVP, Gen’l Counsel, Secretary) sold 24,000 shares at $110.11 per share price.On Aug 18, 2016, Craig Federighi (Senior Vice President) sold 90,153 shares at $109.15 per share price.

Apple: On Thursday, Sep 22, 2016 heightened volatility was witnessed in Apple which led to swings in the share price. The shares opened for trading at $114.35 and hit $114.94 on the upside , eventually ending the session at $114.62, with a gain of 0.94% or 1.07 points. The heightened volatility saw the trading volume jump to 3,10,73,984 shares. The 52-week high of the share price is $123.82 and the company has a market cap of $617,623 M . The 52-week low of the share price is at $89.47.

Apple Money Flow Index Chart

Company has been under the radar of several Street Analysts.Apple is Reiterated by Nomura to Buy and the brokerage firm has raised the Price Target to $ 135 from a previous price target of $120 .The Rating was issued on Sep 22, 2016.Apple is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 125 from a previous price target of $120 .The Rating was issued on Sep 22, 2016.Apple is Reiterated by UBS to Buy and the brokerage firm has raised the Price Target to $ 127 from a previous price target of $115 .The Rating was issued on Sep 20, 2016.Apple is Reiterated by Canaccord Genuity to Buy and the brokerage firm has raised the Price Target to $ 140 from a previous price target of $120 .The Rating was issued on Sep 16, 2016.Apple is Reiterated by BTIG Research to Buy and the brokerage firm has raised the Price Target to $ 133 from a previous price target of $124 .The Rating was issued on Sep 15, 2016.

Apple Inc. (Apple) designs manufactures and markets mobile communication and media devices personal computers and portable digital music players and a variety of related software services peripherals networking solutions and third-party digital content and applications. The Company’s products and services include iPhone iPad Mac iPod Apple TV a portfolio of consumer and professional software applications the iOS and OS X operating systems iCloud and a variety of accessory service and support offerings. The Company also delivers digital content and applications through the iTunes Store App StoreSM iBookstoreSM and Mac App Store. The Company distributes its products worldwide through its retail stores online stores and direct sales force as well as through third-party cellular network carriers wholesalers retailers and value-added resellers. In February 2012 the Company acquired app-search engine Chomp.

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